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IRS TAX CENTER Overview Business Taxes The form of business you operate determines what taxes you must pay and how you pay them.
Getting Started Business Structures When beginning a business, you must decide what structure to use. Legal and tax considerations enter into this decision. Employer ID Numbers (EINs) An Employer Identification Number (EIN) is also known as a federal tax identification number, and is used to identify a business entity. Generally, businesses need an EIN.
IRS Forms and Publications In addition, the IRS has lots of outreach and educational products to assist the small business owner. These include: - Publication 583, Starting a Business and Keeping Records Keeping good records is essential for small business
Publication 1066C, A Virtual Small Business Tax Workshop DVD is a new educational product that helps small business owners and the self-employed understand and meet their federal tax obligations. The workshop is subtitled in English, Spanish and Mandarin Chinese. You can also view this workshop online . Publication 1518, Small Businesses and Self-Employed Tax Calendar highlights different tax issues and tips and has space to add notes, state tax dates, or business appointments. Updated online versions are available on IRS.gov
- 2009 Small Business Resource Guide is no longer available as an interactive CD. The Resource Guide is available exclusively online. It is designed to help small business owners comply with the tax laws and includes business tax forms, instructions and publications. In addition to providing a wealth of tax-related information, there are Web links to various government agencies, business associations and IRS organizations.
Electronic Filing e-file for Business and Self-Employed Taxpayers The IRS offers several electronic filing options designed specifically for the business filer. There are several ways you may choose to participate in the IRS e-file for Business programs. Electronic Federal Tax Payments (EFTPS) Businesses and individuals can use the Electronic Federal Tax Payment System to pay all their federal taxes electronically, 24 hours a day, 7 days a week, via the phone, personal computer (PC) software or the Internet. Visit the EFTPS web site for all the latest information! Or visit the Department of Treasury’s Financial Management Services web page on EFTPS.
Employees Independent Contractor vs. Employees Before you can determine how to treat payments you make for services, you must first know the business relationship that exists between you and the person performing the services. Employment Taxes for Small Businesses If you have employees, you are responsible for Federal Income Tax Withholding, Social Security and Medicare taxes and Federal Unemployment Tax Act (FUTA). IRS Withholding Calculator This easy-to-use calculator can help you figure your employees’ Federal income tax withholding so you can withhold the correct amount from their pay.
Talk With The IRS Contact My Local Office IRS Taxpayer Assistance Centers are your one-stop resource for face-to-face tax help and solutions to tax problems, every business day. Taxpayer Advocate Service The Taxpayer Advocate is an independent organization within the IRS. They help taxpayers resolve problems with the IRS and recommend changes that will prevent the problems.
Learning Center On-Line Classroom The Small Business/Self-Employed Virtual Small Business Tax Workshop is designed to help new and existing small business owners understand and meet their federal tax obligations.
Resources Small Business Products Online Ordering Looking for a tool to help you meet your tax requirements? Choose from our free products, developed especially for the Small Business/Self-Employed person, and obtain updated information on existing products. e-News for Small Businesses e-News for Small Businesses is a free electronic mail service designed to provide tax information for small business owners and self-employed individuals. Sign-up and you will receive information about: Important upcoming tax dates What's new for small businesses on the IRS Web site Reminders and tips to assist small businesses with tax compliance IRS News Releases and special IRS announcements.
Abusive Tax Schemes Tax Scams - How to Recognize and Avoid Them To help the public recognize and avoid abusive tax schemes, the IRS offers an abundance of educational materials. Participating in illegal schemes to avoid paying taxes can result in imprisonment and fines, as well as the repayment of taxes owed with penalties and interest. Education is the best way to avoid the pitfalls of these "too good to be true" tax scams.
Disaster Information Tax Relief in Disaster Situations Special tax law provisions may help taxpayers recover financially from the impact of a disaster, especially when the president declares their location to be a major disaster area.
Resources for Specific Communities Industries/Professions Specific tax information for Agriculture, Automotive, Child Care, Construction, Cosmetology, Entertainment, Fishing, Gas Retailers, Manufacturing, Real Estate, Restaurants, Retail, Tax Professionals, Technical Professional, Trucking and other industries. Tax Information for Tax Professionals Provides links to items on IRS.GOV which are helpful to the tax professional. We want to make it easy for tax professionals to find everything they need.
Check out these links! You might want to check out some of this information before you file your taxes this year. Self-Employed Tax Center "ONE-STOP" - One-stop starting point for small businesses and self-employed taxpayers who file Schedule C with their Form 1040 and provides links to information on the most common issues new business owners face. This is the first place that small business owners should go to educate themselves about federal tax responsibilities. - Earned Income Tax Credit (EITC) - a refundable federal income tax credit for low to moderate income working individuals and families.
Fresno Stakeholder Liaison
The Stakeholder Liaison’s office focuses on building relationships with payroll, practitioner, and industry groups to educate small business owners on their tax obligations and assist in reducing burdensome policies, practices and procedures. Contact the local IRS Stakeholder Liaison via telephone at (559) 452-3021
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